Purpose The purpose of this paper is to examine the factors affecting the academic outcome of real estate students in a specialized Federal University in Nigeria. Furthermore, this paper investigates the phenomenon of publication bias in the extant literature as such evidence poses severe threats to the validity of empirical findings on factors affecting the degree outcome of undergraduate students. Design/methodology/approach The standard statistical approach adopted was to examine whether the reported coefficient estimates from ten empirical studies (105 observations) are independent of their standard errors by employing both ordinary least squares (OLS) and weighted least squares (WLS). In this paper, this approach enabled evidence of publication bias in the cited literature to be refuted. In addition, data were also collected on the academic measure and demographic information of 449 students who graduated between 2005 and 2011. For the purpose of analysis, the study utilized a stepwise logistic regression technique to examine the factors impacting on the degree outcome of real estate students. Findings The results of the OLS and WLS regression indicate that there is no significant evidence of any empirical effect of publication bias in the extant literature. The results of the logistic regression also revealed that grade point average, gender differences, prior knowledge of real estate discipline and potential difference in year of enrollment impact on students’ academic performance in terms of their ability to graduate at first attempt. In addition, factors such as age, marital status, high school grade and geopolitical/ethnic background of undergraduate real estate students do not influence their opportunities to graduate at first attempt from the university. Research limitations/implications This paper focuses only on one specialized university of technology offering a bachelor’s program in real estate in Nigeria, so as to remove any extraneous factor(s) that could be present in the other institutional settings where students have completed such program. Extending similar study to tertiary institutions in Nigeria that share similar geographical characteristics and institutional settings can produce far-reaching generalization. Originality/value This paper contributes to the scanty literature on factors affecting the academic performance of students in an undergraduate real estate program in Nigeria. A scientific element of novelty in this paper is the evidence of the absence of the underlying effect of publication bias in the extant literature on students’ academic outcome in tertiary institutions. Findings from this study serve as the basis for university officers to monitor significant transitions in real estate students’ academic progress, so as to identify those who are unlikely to graduate at first attempt early at the entrant level. Generally, the outcome of this research could provide faculty and admission officers in tertiary institutions with complementary information in arriving at an informed decision in a non-discriminatory admission process.
The study aimed at evaluating the contents of tenancy agreement entered into between lessors and lessees in Osogbo, Owode-Ede and Ede Metropolis in Osun State (Nigeria) from 2011 to 2020 in order to determine its adequacy in the face of the Post-COVID-19 pandemic in Nigeria. A questionnaire survey approach was adopted to achieve aim of the study. Findings of the study revealed steady dwindling of rental market transactions with deteriorating landlord/tenant relationship caused by disagreement on tenancy agreement related issues leading to default in rent payment, rent review period and renewal. Findings also indicated a low ebb experience in the rental market due to the economic downturn resulting from, among other factors, the lockdown policy, which impoverished Nigerians to the extent of struggling to make ends meet. The study further found that 86.3 % of the tenancy agreements were inadequate in content and execution as basic tenants’ remedial provisos were not included in most of the agreements. The study provided pertinent information that could be used as baseline information for tenancy agreement preparation, enhancing landlord (lessor) and tenant (lessee) relationship, and guiding rental real estate investment decisions in Nigeria.
Location preference is a repeatedly debated subject in urban land economics. By and large, these deliberations are either empirical or theoretical in nature. A sizeable number of the previous studies tackle the question of most favorable location provisional on a certain set of constrictions. Moreover, other studies are dedicated to elucidating the nature (worth) of a real property at a particular location. Nevertheless, the problem of ascertaining the indicators that influence real property price is general to both sets of studies. The current body of knowledge on the impact of transportation infrastructure on real estate prices is diverse in its outcome and result with particular reference to degree or extent of impact as well as bearing, ranging from a negative to an unimportant or a positive effect. On the literature results, multiple spatial lag variables were found to be statistically significant signifying that a number of features or attributes of adjoining residential accommodations have significant influence on the subject residential property's value. Whereas the largest part of earlier hedonic price empirical studies considered only selected factors (such as, positive as well as negative impacts of single transportation mode or means, positive or else negative impacts of multiple transportation modes) into account, the majority of recent empirical studies, however, considered all these key determinants, factors and indicators into consideration for analyzing joint impacts of transportation facility. Through considerable strategy, policy in addition to planning or forecasting implications underlying the association between transit oriented developments and real estate values and the difference between previous studies' outcomes and results, there is a strong necessity and requirement for further study and analysis to ascertain an advanced, reliable in addition to dependable level of conclusiveness.
Transport infrastructure is paraphernalia that helps in curtailing urban sprawl in municipal cities and it also lessens traffic overcrowding and air effluence. It equally promotes high-density development in addition to more affordable accommodation all over developed countries. This article reviews and evaluates the range of study outcomes established by the emerging frontier of knowledge delving on the capitalization effects of transport-oriented development on real estate prices. The effect of transport system services on accommodation price has been investigated from numerous viewpoints employing several rigorous statistical tools. Based on the findings of the existing literature, there are two broad kinds of impacts that closeness to a transport system can have on the value of housing accommodations: accessibility benefits (experienced in close proximity to transit services) might increase housing values, while nuisance qualities (experienced in transit-oriented facilities) could equally have a negative outcome on apartment prices. Owing to the contradictory nature of these simultaneous effects, findings from numerous empirical investigations have been opposing or open to debate. The reviewed empirical studies provide policymakers with new-fangled empirical evidence as well as analytical tools to reexamine value capture as a financing option and to transform, modify, improve, reorganize and restructure investment strategies or opportunities for rail transit services. Property development and construction companies may perhaps be able to make a decision on where to erect real estate for profit maximization and sales. Transportation planning and urban development authorities, conversely, might be able to obtain and distribute tax income based on the ease of access benefit and nuisance effects.
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